Turning Down
Our Pivot: 438.80
Our Preference: Short Sell ATRL below 430 and average it out till 434 with strict stop loss of 438.80 and profit target at 404 with extension towards 387.
Alternate Scenario: Upward penetration of 438.80 will call for 445 and 452.
NOTE: A triple top is formatted in ATRL and its also capped by a crossover of two major resistant trend lines along with a horizontal resistant region. Daily MOARSI is trying to generate a bearish crossover which could push it in bearish direction if succeeded.
Daily Chart with Supports and Resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.